Vulcan Materials Company (VMC)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.11 | 1.82 | 1.85 | 1.86 | 1.94 | 1.96 | 1.99 | 2.01 | 2.05 | 2.13 | 2.11 | 2.11 | 2.09 | 2.13 | 1.84 | 1.85 | 1.94 | 1.96 | 1.98 | 1.90 |
The solvency ratios of Vulcan Materials Company, as indicated by the debt-to-assets ratio, debt-to-capital ratio, debt-to-equity ratio, and financial leverage ratio, remain consistently low and stable over the analyzed periods from March 31, 2020, to December 31, 2024.
1. Debt-to-assets ratio: Vulcan Materials Company's debt-to-assets ratio remained at 0.00 throughout the period, indicating that the company has no debt to finance its assets, which is a positive sign for solvency.
2. Debt-to-capital ratio: The debt-to-capital ratio also stayed at 0.00 consistently, showing that the company's capital is not reliant on debt financing and is primarily funded through equity.
3. Debt-to-equity ratio: With a debt-to-equity ratio of 0.00 across all periods, Vulcan Materials Company's capital structure is not dependent on debt, reflecting a healthy balance between debt and equity.
4. Financial leverage ratio: The financial leverage ratio fluctuated slightly but generally remained within the range of 1.85 to 2.13. While there is some variability, the ratio stayed relatively stable, indicating the company's ability to manage its debt levels effectively.
In summary, based on the solvency ratios analyzed, Vulcan Materials Company demonstrates a strong financial position with minimal debt obligations, a healthy capital structure, and effective management of leverage, which bodes well for its long-term solvency and financial stability.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.13 | 8.53 | 8.59 | 8.28 | 7.92 | 6.58 | 6.04 | 5.49 | 5.67 | 6.13 | 6.24 | 6.06 | 6.90 | 6.82 | 7.08 | 7.51 | 6.57 | 6.89 | 7.14 | 7.00 |
The interest coverage ratio for Vulcan Materials Company has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. It started at 7.00 in March 2020, increased slightly to 7.14 by June 2020, but then dipped to 6.57 by December 2020.
There was an improvement in the interest coverage ratio in the following quarters, reaching a high of 8.59 by June 30, 2024. However, the ratio decreased slightly to 7.13 by December 31, 2024. These fluctuations suggest that Vulcan Materials Company has been able to cover its interest expenses comfortably for the most part, but there have been periods where the coverage has reduced, indicating potential risks related to the company's ability to meet its interest obligations.
Overall, the trend in the interest coverage ratio for Vulcan Materials Company demonstrates a general ability to cover interest expenses over the period, with some fluctuations in the company's financial performance impacting the ratio.